Page 19 - AfrOil Week 15 2022

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global would write off only $3.4bn in value because of
(NRG), in which the reader is invited to join our its departure from Russia, where it has a 27.5%
team of international editors, as they provide a stake in the Gazprom-operated Sakhalin LNG
snapshot of some of the key issues affecting their plant and shares in Gazprom Neft’s Salym Petro-
regional beats. We hope you will like NRG’s new leum and the Gydan oil projects in Siberia.
concise format, but by clicking on the headline
link for each section the full text will be available GLNG: ADNOC orders two LNG tankers
as before. from Shanghai yard
Abu Dhabi National Oil Co. (ADNOC) has
AsianOil: Shell resumes LNG shipments confirmed it is to order two 175,000 cubic metre
from Australia’s Prelude FLNG LNG tankers from Shanghai’s Jiangnan Shipyard
Shell said in a brief statement on April 11 that it as part of plans to expand its shipping fleet and
had resumed shipping cargoes from its Prelude to raise LNG production. ADNOC Logistics &
floating LNG (FLNG) facility off the north coast Services (ADNOC L&S), the company’s ship-
of Western Australia. The facility had been offline ping unit, said on April 12 that it had signed a
for four months after a major power failure. contract for the construction of two 175,000
cubic metre LNG vessels and expected that they
DMEA: Downstream progress and plans would be delivered in 2025.
Iran is set to begin construction work on its
300,000 barrel per day Shahid Ghasem Soleim- LatAmOil: Trinidad and Tobago to reduce
ani refinery as it builds out downstream process- fuel subsidies
ing capacity. Meanwhile, a Moroccan support Colm Imbert, the prime minister of Trinidad
group this week called on the government to and Tobago, announced on April 8 that his gov-
take an active role in supporting the country’s ernment intended to reduce subsidies for petro-
downstream industry following the shutdown leum product prices as of April 19. In an address
of its only refinery in 2015. to members of the House of Representatives,
Imbert said that Port of Spain had taken the deci-
EurOil: UK unveils plan to bolster energy sion to hike fuel prices out of economic necessity.
security
The UK government has unveiled a new energy MEOG: Supplies and output rise
policy paper aimed at bolstering the country’s Trucks carrying Iraqi crude arrived at the coun-
energy security in the face of soaring gas and try’s border with Jordan following the bilateral
power prices and Europe’s push to phase out renewal of a supply agreement that had expired
Russian energy. In the run-up to the COP26 in January. Meanwhile, Iran has maintained its
climate summit in Glasgow last autumn, the upstream momentum as it seeks to increase pro-
government announced a number of ambitious duction of both oil and gas.
targets to decarbonise industries and scale up
renewables and other low-carbon technologies. NorthAmOil: Canada unveils details of
carbon capture tax credit
FSU OGM: Shell warns of $4-5bn hit from The Canadian government has unveiled details
Russian withdrawal of its long-awaited tax incentives to help fund
Shell warned on April 7 it expected to book a carbon capture projects in the country. The
write-down charge of between $4-5bn in the first incentives form part of Canadian Prime Minister
quarter on its Russian assets in light of its deci- Justin Trudeau’s new fiscal plan, and are aimed at
sion to leave the country because of Moscow’s spurring investment in carbon capture and stor-
war in Ukraine. The UK major previously said it age technologies. ™

NRG Oil & Gas Editor’s Picks

See the archive and sign up to receive
NRG EDITOR’S PICKS

for free by email each week here.

Week 15 13•April•2022 www. NEWSBASE .com P19